San Benito County Association of Realtors

Housing has been on the leading edge of economic growth since the recovery began, but several signs show that a hot market is causing the market to moderate earlier than normal. Closed sales are likely to exhibit high double-digit growth for May and June, but the overall level of home sales is slipping from its decades-high level at years’ end. Rapid growth in home prices has caused some buyers to become discouragedeven as rates dipped below 3% again. Encouragingly, the number of new listings being added to the MLS each day has finally started to exceed closed sales and C.A.R. is still forecasting at least 10% growth in home sales this year.

While the outlook for the economy and the market remains bright, both are encountering supply constraints as the reopening continues. Despite a surge in consumer spending and an improving job market, labor and material shortages have become hurdles that the recovery needs to overcome. As such, inflation and slower job growth remain topics of concern when discussing how fast the U.S. can get back to its pre-pandemic levels. Meanwhile, the housing market has had solid performance since the second half of 2020 but is showing signs of moderations in recent weeks. As tight supply continues to apply upward pressure on prices, the market momentum could slow as affordability issues kick in in the second half of the year.

As we close out 2020 and reflect back, it is clear that despite losing roughly two months of the spring homebuying season, the housing market was strong in California this year. And, although the housing market has cooled during the final week, there are still many reasons to be optimistic about home sales and prices in 2021. First, ‘cooling’ is relative and the market remains well ahead of 2019 levels. All indications are that rates will remain relatively low and the economy... should heal as the public health crisis abates next year. This means that we can expect more demand for homes in 2021, not less. However, this crisis has also exacerbated California’s long-standing structural issues, and it has become absolutely imperative that we find real and immediate solutions to the supply crisis. If we don’t, California’s economic challenges are only just beginning. See more

Understand home value, learn details about the appraisal process, borrowers' rights, and more. Use this resource to become an informed home buyer.

Your REALTOR can help you make the best informative decision when it comes to buying any home.

Low rates, flexibility to work from home drive California home-buying interest to levels not seen since the last decade, C.A.R. reports - Existing, single-family home sales totaled 508,820 in November on a seasonally adjusted annualized rate, up 5.0 percent from October and up 26.3 percent from November 2019. - November’s statewide median home price was $699,000 down 1.7 percent from October and up 18.5 percent from November 2019. - Year-to-date statewide home sales were up 1....3 percent in November. Defying an otherwise struggling economy, California home sales remained red hot in November, breaking the 500,000 sales benchmark for the first time since January 2009 and reaching the highest level in 15 years, the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.) said today.

Despite record low interest rates, housing affordability remains a big challenge in California. 37% of first-time buyers moved to another CA county in 2020 because of housing affordability, and 30% of sellers who planned to buy a new home decided to buy in a different state.

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A renewed interest in homeownership during the COVID-19 pandemic has changed homebuyers’ housing choices, widened the imbalance between housing supply and demand in California and created a more competitive housing market than ever before, according to the CALIFORNIA ASSOCIATION OF REALTORS’ (C.A.R.) 2020 Annual Housing Market Survey.

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Rather than slowing down for the winter, the housing market in California is showing signs of accelerating as we enter December. Both the backward- and forward-looking indicators suggest that November and December will maintain the double-digit pace in closed sales and that prices will be up by more than 10% this year. Rates remain low and several key macroeconomic indicators also improved last week. And yet, even as we near the proverbial light at the end of the tunnel for the pandemic, several key challenges remain before we can fully put this crisis in the rearview mirror.

Plan early and place your pie orders today just before the Xmas Holidays! There is still time to place your pie orders. We’ve extended our sales for one more week. Click on the link below to place your orders today. https://www.eventbrite.com/e/sbcaor-holiday-pies-fundraiser

October 2020 Sales and Price data released last week show the California homebuying season extended into fall as home sales and prices remained elevated in October

Last day to fill in your pie orders! Your purchase will help the children at your local Chamberlain's Center in Hollister. Help make their holidays merry too. https://www.eventbrite.com/e/sbcaor-holiday-pie-fundraiser-

Holiday baking just got a lot easier with Gizdich Ranch pies! Order your pies at the link below https://www.eventbrite.com/e/sbcaor-holiday-pie-fundraiser-

This holiday season give the gift of a delicious Gizdich pie! Your purchase will go towards Hollister Chamberlain's Children Center where they envision a world in which all children, youth, and families have the foundation of support to thrive. https://www.eventbrite.com/.../sbcaor-holiday-pie...

Today is the Final Day for San Benito Gives Community Auction! Help CYS further its mission. Bid or donate by 9pm. CYS believes every child deserves a loving and permanent family. To ensure our youth have access to potentially permanent families, CYS provides support and transportation to and from critical relationship-building visits. By supporting SB Gives, your contributions will help replace our aging fleet of vehicles making this unique support possible for years to co...Continue reading

Share one. Keep one. This holiday season give the gift of a delicious Gizdich pie! Your purchase will go towards Hollister Chamberlain's Children Center where they envision a world in which all children, youth, and families have the foundation of support to thrive.... https://www.eventbrite.com/e/sbcaor-holiday-pie-fundraiser-

Veterans Day is about honoring the sacrifice of all the men and women who proudly served in our armed forces. It’s a day for remembering that freedom isn’t free, and there are men and women who worked and fought to protect those freedoms and our beloved country.

Happy 245th birthday U.S. Marine Corps. Thank you for protecting our nation's freedom. Semper Fi.

A little Monday morning motivation

Thank you to Blue Adobe Mortgage and our members for your continued involvement in our community. Your contributions do not only bring food to families but also more hope beyond their reasonable circumstances this trying year.

Today I am thankful for coffee! Happy Thursday

Carving pumpkins into jack-o'-lanterns originated hundreds of years ago in Ireland, back then, jack-o'-lanterns were made out of turnips or potatoes. It wasn't until Irish immigrants arrived in America and discovered the pumpkin that a new Halloween tradition was born.

Happy Friday San Benito County

With Covid-19 continuing to spread across the country, this Halloween is likely to look different than it has in the past. Recent data from the National Retail Federation suggests slightly fewer people will hand out candy or go trick-or-treating this year than last, and fewer respondents plan to throw or attend a party or visit a haunted house. But slightly more plan to decorate their homes: In 2019, 49% planned to do this, while this year 53% are decorating. ... What are your thoughts? What will you put on your front lawn this year? Show us your front porch decor!!

As REALTORS we believe that fairness is worth fighting for, and we won’t stop until the fight is won. Because That’s Who We R.

Are you ready to make the next move? Contact your local REALTOR today.

Pending contracts are hitting all-time highs, implying that the autumn housing market activity will be stronger. NAR Chief Economist Lawrence Yun shares more about the housing market development in the Home Sales report.

SBC Chamber of Commerce & Visitor's Center supports Measure N! YES ON N LAWN SIGNS and Flyers/Mailers... available at the Chamber office. Please call ahead to coordinate pick up. 831.637.5315 Learn more about Measure N, here: https://www.sanbenitojobs.org/

Do you know how your home will fare in today's real estate market? Contact your local REALTOR today

Thank you to our local AE and President for all your hard work! We appreciate you both!

Yes on Measure NYes on Measure N

Making your success a priority when buying or selling a home is what our REALTORS strive for. #morningmotivation

Six tips from interior designers on affordable renovations to consider. http://ow.ly/G8Oo50Bitjc

Tuesday Tips! Have a great day

Thursday Thoughts! Have a friend that's interested in buying or selling? Refer them to your REALTOR today.

It's a new day, it's a new week, a new mindset. Talk to your local REALTOR today and see how you can make selling or buying real estate a goal for the end of the year! Happy Monday! #realestate #realtor #hollister #sanbenitocounty #buyingandsellingrealestate #morningmotivation

Fun Fact Friday! How do you pronounce it? ree-uhl-tr OR ree-uhl-tor? Let us know

Just a little Monday motivation coming your way...